Pittsburgh continues to buck the trend. Across much of the country, home prices have started to fall, albeit just slightly. A recent article in Forbes magazine cited a National Association of Realtors’ (NAR) report showing that “median existing-home sales prices declin[ed] 0.9% to $375,700 in March compared to a year ago.” That means that nationwide, home prices have finally started falling after 131 months of increasing.
But here, the market continues its hot streak – and if not hot, at least status quo. Realtor.com says that Pittsburgh maintained its median home price for the past year. That’s great news for home sellers, who can still look to get a strong price for their home.
And it’s still good news for buyers, because most homes, according to realtor.com, are selling for at or near their list price. It seems that bidding wars are not as much of a problem for buyers as they used to be.
We can tell you from our experience that sought-after properties are selling fast. We’ve had a number sell in under a week, and many in just one day. Pittsburgh’s overall affordability is keeping the market strong here without blocking out potential homebuyers. We’re fortunate to live here!
If you’re thinking about moving up or downsizing, this is a great time of year to start your search with the Mindy + Darla team. Contact us to help you buy or sell, and trust our experience to guide you through the process from start to finish!
